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Nov 12, 2012
11/12
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we see growth coming from corporate america because we believe manufacturing in north america, especially big companies joe was talking about, companies with a global footprint, will benefit from a manufacturing renaissance. guess what? volatility in emerging markets is worse than negativity in the u.s. we know what's going on in europe. we think business vomsz will come back to the u.s. in benefit areas especially like technology and industrials. >> gordon, what are you guys on the floor expecting? what was that selloff about last week? was it tax selling? are we going to see more of that? what kind of overflow are you expecting going forward? >> first off let me say by saying it is veterans day being observed down here. i want to give a shout out to irving freeman and others who served our country. >> we add to that. >> we saw a nice pullback after the collection. we think it was related to the results of the election. people buying into a romney victory and then didn't happen that way. what are we looking for in the short term? new york area we're keeping an eye on the energy stocks an
we see growth coming from corporate america because we believe manufacturing in north america, especially big companies joe was talking about, companies with a global footprint, will benefit from a manufacturing renaissance. guess what? volatility in emerging markets is worse than negativity in the u.s. we know what's going on in europe. we think business vomsz will come back to the u.s. in benefit areas especially like technology and industrials. >> gordon, what are you guys on the floor...
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Nov 7, 2012
11/12
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listen, america is now facing austerity. it was europe's turn. now it's america's turn. austerity is very deflationary and very depressionary. there will be a recession in 2013. china has yet to bottom. we will have a recession now. >> so what are you going to do within your portfolio? >> listen, we are now selling defense. we're selling dividends. we're selling cyclical stocks. we're raising cash. we believe that you should not play russian roulette with your investments. you have to be careful here. when we get resolution on the fiscal cliff, and i'm sure there will be very early in 2013, then we'll go back into the market heavily. not until then. >> okay. jeff, in the meantime, you believe with obama remaining in position that ben bernanke's job is safe for the foreseeable future and that is inflationary, yes? >> i think the fact that we've had inflation, core inflation, outside of core inflation, food and energy prices have accelerated in the obama administration. ben bernanke has failed to realize it as inflation. it's a big concern. now we're going to begin to see
listen, america is now facing austerity. it was europe's turn. now it's america's turn. austerity is very deflationary and very depressionary. there will be a recession in 2013. china has yet to bottom. we will have a recession now. >> so what are you going to do within your portfolio? >> listen, we are now selling defense. we're selling dividends. we're selling cyclical stocks. we're raising cash. we believe that you should not play russian roulette with your investments. you have...
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Nov 19, 2012
11/12
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. >>> investment by corporate america is falling off a cliff because of so much uncertainty as we all know. but would all of that money really come off the sidelines? if a deal on the budget and taxes were made? we'll look at that coming up, both sides. >> stocks rallying just on the hopes a fiscal cliff might actually get fixed on time. what actually are investors optimistic about? all that and more coming up. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ snooi. >>> welcome back. about 45 minutes left in the trading session. we want to get you caught up on this market. best rally for u.s. stocks in a couple of months. the dow right now is still near the highs of the session with a gain of about 180 points. we're calling it the rise above rally. the rally began
. >>> investment by corporate america is falling off a cliff because of so much uncertainty as we all know. but would all of that money really come off the sidelines? if a deal on the budget and taxes were made? we'll look at that coming up, both sides. >> stocks rallying just on the hopes a fiscal cliff might actually get fixed on time. what actually are investors optimistic about? all that and more coming up. ♪ [ female announcer ] today, it's not just about who lives in the...
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Nov 26, 2012
11/12
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. >> we need another shopping event in america. >> that's what we really need, isn't it? heading toward the close. they've been shopping for bargains on wall street. the dow down 63 point. i say just because it was 120. that was the number at the low of the session earlier today. we're well off that number. >> many investors left this stock for dead, hence why we're showing zombies. >> last year's cnbc christmas party. >> it has been resurrected. can you guess what company it is? find out if you should buy in or just let the stock rest in peace. >>> more and more democrats willing to jump off the fiscal cliff rather than take a deal they don't like? the house's top democratic tax writer thinks that's a really bad idea. find out when sandra levin joins us later on the "closing bell." [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to f
. >> we need another shopping event in america. >> that's what we really need, isn't it? heading toward the close. they've been shopping for bargains on wall street. the dow down 63 point. i say just because it was 120. that was the number at the low of the session earlier today. we're well off that number. >> many investors left this stock for dead, hence why we're showing zombies. >> last year's cnbc christmas party. >> it has been resurrected. can you guess what...
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Nov 30, 2012
11/12
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he expects that money to come out of corporate america, again, which is another tax, so to speak, on business certainty. >> all right. we got to go, folks. at least we don't have to solve the problem. we have it left in somebody else's hands, unfortunately, right now. thank you both for joining us today. heading toward the close. the market holding steady right now. there's a rebalancing coming on the close today of a major in x index. we're expecting volatility. >> we should see some wild swings ahead. meanwhile, dollar general set to join the s&p 500 after the close of trading. that means you likely will own it as well if you own any etf linked to that index. is that good for your bottom line? we'll check it out. >>> also, have you seen this video yet? this could be one of the powerball winners finding out that he's a multimillionaire. i mean, he certainly seems happy. what exactly is the price of happiness? we've got the answer coming up. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national.
he expects that money to come out of corporate america, again, which is another tax, so to speak, on business certainty. >> all right. we got to go, folks. at least we don't have to solve the problem. we have it left in somebody else's hands, unfortunately, right now. thank you both for joining us today. heading toward the close. the market holding steady right now. there's a rebalancing coming on the close today of a major in x index. we're expecting volatility. >> we should see...
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Nov 15, 2012
11/12
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first of all, we have to make america competitive. we have to get rid of some of the taxes these lobbyists deb e debate. >> my sources tell me the loopholes and exemptions leave $1 trillion on the table. >> let's go over the math. the math is that we as a country spend 3.7. we take in 2.7. 400 billion of that is from corporations. the notion of deferrals, defer now, pay later, is very fundamental. it's a 101 of a book plan. to the degree obama wants to make the united states more competitive, he's talked about a 28% minimum reduction in corporate taxes. he's talking about taking it down 25 for u.s. manufacturing. that's a very positive step. i don't have him talk abouting that at the moment, to create jobs, quality jobs. tax reform, raise taxes if you have to. raise revenues. lower the deficit. get us on with the dynamics of running a business. >> but here we are -- >> by the way, someone whispered to me as i was coming up, if these guys don't want to work in washington, they shouldn't get paid. i'm not going to subscribe to that prem
first of all, we have to make america competitive. we have to get rid of some of the taxes these lobbyists deb e debate. >> my sources tell me the loopholes and exemptions leave $1 trillion on the table. >> let's go over the math. the math is that we as a country spend 3.7. we take in 2.7. 400 billion of that is from corporations. the notion of deferrals, defer now, pay later, is very fundamental. it's a 101 of a book plan. to the degree obama wants to make the united states more...
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Nov 13, 2012
11/12
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this goes through, mbia may not make good on a number of policies, including those owned by bank of america. so its stock taking a hit on that news. again, b of a buying the debt in order to block a change in the structure that could prevent it from paying off some of those policies. back to you, bill. >> all right, mary. thank you very much. heading toward the close here. prices for stocks are coming down. so are bridge prices. >> don't go anywhere. we have a huge show ahead on the "closing bell." stay with us. >>> coming up, bucket list. remember this? >> in terms of bringing down deductions, one way of doing that would be to say everybody gets -- i'll pick a number -- $25,000 in credits. >> the idea for a bucket to limit tax deductions may now be gaining momentum with democrats. is this a better idea than raising anyone's rate? we crunch the numbers and tell you who will pay and who will skate. >>> plus, game on. activision set to release what could be the biggest selling d video game ever. is this game over for the competition? >>> and private eyes. they're watching you. we'll show you
this goes through, mbia may not make good on a number of policies, including those owned by bank of america. so its stock taking a hit on that news. again, b of a buying the debt in order to block a change in the structure that could prevent it from paying off some of those policies. back to you, bill. >> all right, mary. thank you very much. heading toward the close here. prices for stocks are coming down. so are bridge prices. >> don't go anywhere. we have a huge show ahead on the...
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Nov 20, 2012
11/12
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the head of israel's central bank will weigh in on that and america's fiscal mess. he's with me exclusively coming up. >> looking forward to that. >>> plus, we'll head thrive israel for the latest on efforts to end the seven days of fighting coming up. >>> if you were not with us earlier today, fed chairman bernanke said that the fed does not have the tools to offset the worst case scenario of going over the fiscal cliff. >> his comments earlier, the market really impacted by his comments about the fiscal cliff before rebounding. as soon as mr. bernanke said they are out of tools and it's on congress, the dow went from down 17 points to down 70. since then, we have come all the way back. now we're down 24. look at this intraday chart. >> is there a floor under this market? i want to show you something. i was reading in the car coming down here today. this is the latest "time" magazine. this is an article in this week's issue that wonders why stocks are dead. why didn't they put it on the cover? that would have been the perfect contrary indicator. they ponder whether
the head of israel's central bank will weigh in on that and america's fiscal mess. he's with me exclusively coming up. >> looking forward to that. >>> plus, we'll head thrive israel for the latest on efforts to end the seven days of fighting coming up. >>> if you were not with us earlier today, fed chairman bernanke said that the fed does not have the tools to offset the worst case scenario of going over the fiscal cliff. >> his comments earlier, the market really...
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Nov 27, 2012
11/12
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i don't think it's unfair, and it shouldn't be a scare tactic to ask corporate america and the wealthy to pitch in and help this country when this country needs the help. that's all. >> i don't understand when you say -- if you don't want to change medicare in any way, say means testing, what you mean is you want to subsidize the wealthy. the retiring generation right now is the wealthiest retiring generation in american history. you're asking young people to subsidize wealthy people who are retiring if you don't want to make key changes to medicare. you want to help the rich, not the poor? >> no, i don't think the scenario is that way. when you look at the people on medicare, when you look at people on medicaid, those are people that not only earn the benefit -- >> i didn't say medicaid, i said medicare. it's different, right? >> i think the vast, vast majority of people on medicare are people that have earned that benefit and are entitled to that benefit. and there has been -- >> so no changes? >> no changes, because at this point without any revenue generation to offset the blunt cu
i don't think it's unfair, and it shouldn't be a scare tactic to ask corporate america and the wealthy to pitch in and help this country when this country needs the help. that's all. >> i don't understand when you say -- if you don't want to change medicare in any way, say means testing, what you mean is you want to subsidize the wealthy. the retiring generation right now is the wealthiest retiring generation in american history. you're asking young people to subsidize wealthy people who...
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Nov 28, 2012
11/12
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alan simpson said, look, you can take every rich person in america, take away their island, their boat, tax everything, and you run the government for about nine months. the ugly truth and where the president has missed the boat, to this moment in time, is two-thirds of the federal budget is the middle class entitlements. you can't fix this problem without bringing the spending side to the tax side. all the talk today is about, oh, we get to -- these 2%, these 2%. it doesn't fix the problem. >> i think it's a shared sacrifice. how far are you willing to go on the tax issue? would you be willing to raise the rates, or are you only for getting rid of deductions? >> listen, i'm for a $5 trillion deal. but you don't get there. if you just raise the rates, you get $700 billion. you're still short $4.3 trillion. where's that going to come from? as soon as the president, you know, his proposal is $400 billion out of medicare over ten years. that's chump change. that's a rounding error. >> are you convinced that the democrats are willing to do things with medicare that would lower costs? >> th
alan simpson said, look, you can take every rich person in america, take away their island, their boat, tax everything, and you run the government for about nine months. the ugly truth and where the president has missed the boat, to this moment in time, is two-thirds of the federal budget is the middle class entitlements. you can't fix this problem without bringing the spending side to the tax side. all the talk today is about, oh, we get to -- these 2%, these 2%. it doesn't fix the problem....
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Nov 29, 2012
11/12
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>> it would be a terrible stain on the united states of america. if we didn't hear from our business community, not for profit community, our spiritual community, the folks that service the people, if they didn't become mad as hell and take this out of the hands of a handful of people in washington. we've gone too long and can't afford for our sky to fall. >> that's why we're asking you what to cut. we agree with that. >> congressman, good to see you. thank you for joining us today. appreciate it. >> thank you for having me back. >> you bet. charlie rangel of new york there. any moment now, we expect to hear from the democratic leader of the house nancy pelosi come out after her meeting with secretary geithner, who's been making the rounds on capitol hill today trying to hammer something out. it was after he met with tim geithner that john boehner made his comment same thing with harry reid. now we'll hear from nancy pelosi. we'll see if anything moves the markets she may say. that's coming up, so stay tuned for that. >> i don't mean to make light
>> it would be a terrible stain on the united states of america. if we didn't hear from our business community, not for profit community, our spiritual community, the folks that service the people, if they didn't become mad as hell and take this out of the hands of a handful of people in washington. we've gone too long and can't afford for our sky to fall. >> that's why we're asking you what to cut. we agree with that. >> congressman, good to see you. thank you for joining us...
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Nov 30, 2012
11/12
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think what would happen in america if america had our 3.8% unemployment rate. we will get this company moving again. more people would be at work. were people with untrained would be paying income taxes. liz: the question becomes, what else have you done right to get it at that level which is second only to north dakota? >> >> untrimmed i was just in china two weeks ago. we are prepared to do that. you have to create a tax competitive, job competitive, business friendly environment. the opportunities are with the private sector and we understand that here in nebraska. liz: have you prepared, not one, but two budgets. one taking into account we go over the cliff and the other if we do not go over the cliff. >> i really have not looked at it that way. i am preparing a budget for the next two-year cycle. we are prepared to adjust depending on what happens at the federal level. i do want to remain cautiously optimistic that they will find a deal. put america first. liz: i am glad that you do remain cautiously optimistic. nebraska is a very important state. you your
think what would happen in america if america had our 3.8% unemployment rate. we will get this company moving again. more people would be at work. were people with untrained would be paying income taxes. liz: the question becomes, what else have you done right to get it at that level which is second only to north dakota? >> >> untrimmed i was just in china two weeks ago. we are prepared to do that. you have to create a tax competitive, job competitive, business friendly environment....
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Nov 28, 2012
11/12
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they're looking for america part spits in libya. it is not whatsoever. love american companies have been ttere for over a year. they're looking to invest and develop their country. liz: what american businesses are already there? some are not ready to make announcements, but what are they doing? >> i have seen a lot. i've seen the oil companies, some of the medical companies, high-tech firms, i am working with two american firms who i did not get their permission, but they have joined me, they're about to get a contract for construction and demining of the oil services. liz: i assume you mean mine removal. >> they have covered more than 1000 miles across libya and the company will come in and remove those explosives that they are around the oilfield and also in the border between egypt and libya and so forth. liz: let's do the low hanging fruit first. i know the oil companies gather to talk about contracts for 2013. they're back to prewar numbers, 1.6 million barrels per day. a lot of the infrastructure would get back up to that. >> yes, i did. liz: is i
they're looking for america part spits in libya. it is not whatsoever. love american companies have been ttere for over a year. they're looking to invest and develop their country. liz: what american businesses are already there? some are not ready to make announcements, but what are they doing? >> i have seen a lot. i've seen the oil companies, some of the medical companies, high-tech firms, i am working with two american firms who i did not get their permission, but they have joined me,...
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Nov 16, 2012
11/12
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bank of america, wells fargo, deutsche bank, i think you will see disgorged penalties and whatever. all in the same area. liz: they didn't have a lot of time to do due diligence with bear stearns. >> i think this is a crummy little man. the sec has said they have found other non-bear stearns related stuff. we have reported that earlier. it was mostly bear stearns. two thirds or three quarters of bear stearns. let's rewind it. whited jpmorgan via bear stearns? on thursday, back in september of 2008, almost four years ago, bear stearns blew up that weekend. by friday, they needed a loan from the fed. that is one the treasury secretary at the time, the president of the new york fed, ben bernanke, they all got together and they said, please, you're the strongest man, by these guys. buy them in a very low price. initially it was shut download that. but then they said yes, we want to buy it by monday. so basically -- the markets don't open in uncertainty. jamie dimon said yes, they did it. they are not totally off the hook him as he see. when you buy a company, you buy it for its liabilit
bank of america, wells fargo, deutsche bank, i think you will see disgorged penalties and whatever. all in the same area. liz: they didn't have a lot of time to do due diligence with bear stearns. >> i think this is a crummy little man. the sec has said they have found other non-bear stearns related stuff. we have reported that earlier. it was mostly bear stearns. two thirds or three quarters of bear stearns. let's rewind it. whited jpmorgan via bear stearns? on thursday, back in...
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Nov 19, 2012
11/12
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bank of america doing extremely well. >> bank of america will the shell. that was a real winner today. bank of america, citigroup, they are the lightning rod of this
bank of america doing extremely well. >> bank of america will the shell. that was a real winner today. bank of america, citigroup, they are the lightning rod of this
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Nov 15, 2012
11/12
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it's not about america. it's about how do we make the dems lose and how do we make the republicans lose. people are sick of that, and they're ashamed to have and disgusted. they show that time after time. i can tell you, you can't believe what we've dug up. when you get a vote from dick durbin of illinois and a vote from tom coburn of oklahoma, you get five democrats, five republicans, one independent, 60% of this group that vote for this, you know you're on the right track. >> maria, if we go over this fiscal cliff and don't get a deal immediately, what's the economic effects next year? you know, we've talked about some of the qualitative effects. quantitatively, you know, economic growth will be reduced by about 3%. we're only growing at 1.5%. that means by definition, we're automatically back in recession. another 2 million people will lose their job. unemployment will go to over 9%. why would we do that? that's a debt of a country. why would we do that when we know that we can come together and get a dea
it's not about america. it's about how do we make the dems lose and how do we make the republicans lose. people are sick of that, and they're ashamed to have and disgusted. they show that time after time. i can tell you, you can't believe what we've dug up. when you get a vote from dick durbin of illinois and a vote from tom coburn of oklahoma, you get five democrats, five republicans, one independent, 60% of this group that vote for this, you know you're on the right track. >> maria, if...
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Nov 9, 2012
11/12
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it's partially america's problem. just like america was partially their problem when we had a big downtu downturn. i know the american officials are trying to help them get over this. >> in terms of head count reductions on wall street, we continue to hear the large investment banks cut heads. how do you feel about jpmorgan's head counts entering 2013, considering weak trading volumes, low interest rates, which of course we know are going to be with us until at least the end of 2015? are you going to lay off workers? >> i don't think we're going lay off. you're going to have -- we're a big company. some businesses are going to come down. that's unavoidable. new systems go in place. we enhance productivity. we've always tried to do a good job managing our expenses. even if you see head count come down, i hope it's not because of layoffs. like i said, we see enormous opportunity in asia, small market, middle market, online banking, digital banking. we're investing in all of these. we've opened 1,000 offices this year. w
it's partially america's problem. just like america was partially their problem when we had a big downtu downturn. i know the american officials are trying to help them get over this. >> in terms of head count reductions on wall street, we continue to hear the large investment banks cut heads. how do you feel about jpmorgan's head counts entering 2013, considering weak trading volumes, low interest rates, which of course we know are going to be with us until at least the end of 2015? are...
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Nov 21, 2012
11/12
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>> i think all of southern america is a huge opportunity for us. brazil, argentina, mexico, one thing we're doing now that we haven't seen in the past is we used to use distributors, now we are taking the business direct to those retailers allowing us to gain additional margin as well as create the business relationship. cheryl: obviously there is a big debate right now between online sales of shoes versus going to the store. what do your customers do? is the online audience really where you are getting your sales? >> traditional brick-and-mortar is the best way because the issue that happens buying stuff online, although that was a great job with the return policy to allow you to buy shoes online and not have to try them on. still, brick-and-mortar is the way to go. cheryl: you mentioned that zapas. >> they are our biggest retailers. cheryl: tell us about your hot seller. the mic, that is your hottest brand, right? >> right. it is a high top with a little bit of a retro style on it, the definitive style that makes it different is the materials and
>> i think all of southern america is a huge opportunity for us. brazil, argentina, mexico, one thing we're doing now that we haven't seen in the past is we used to use distributors, now we are taking the business direct to those retailers allowing us to gain additional margin as well as create the business relationship. cheryl: obviously there is a big debate right now between online sales of shoes versus going to the store. what do your customers do? is the online audience really where...
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Nov 29, 2012
11/12
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. >>> meanwhile, corporate america preparing for a worst case scenario. the chairman and ceo of chevron will join me. keep it here on "the closing bell." the interview you won't hear anywhere else today. >>> up next, is anyone bucking up to save the twinkie? kayla is next with the update on hostess suitors on the other side of the this break. back in a moment. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into
. >>> meanwhile, corporate america preparing for a worst case scenario. the chairman and ceo of chevron will join me. keep it here on "the closing bell." the interview you won't hear anywhere else today. >>> up next, is anyone bucking up to save the twinkie? kayla is next with the update on hostess suitors on the other side of the this break. back in a moment. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had...
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Nov 8, 2012
11/12
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growth was up 1.3% versus 80% revenue wise for north america. that showing up as a big problem for them. also, operating cash and free cash flow both just above half of what they were last quarter. they're also spending money on capital expenditures. investors sure to have lots of questions about all that. >> all right, john. thank you so much. can groupon continue wits current business model? roy troy argues that investors are overlooking some of the growth potentials. jay, you're bearish on groupon. did the latest results confirm this? >> yeah, apparently. they missed across the board. the billings thing, that's what you have to look at. that's worrisome. it's not an accident the stock is down 11%. i read it was down as much as 13%. it's not looking good. >> roy, what about you? anything in these numbers that change your mind? you still see some positive for this stock, right? >> i do see some positives. the numbers are pretty daunting. i am neutral. i'm a bit skeptical of where groupon is heading. one thing groupon has going for it is its lar
growth was up 1.3% versus 80% revenue wise for north america. that showing up as a big problem for them. also, operating cash and free cash flow both just above half of what they were last quarter. they're also spending money on capital expenditures. investors sure to have lots of questions about all that. >> all right, john. thank you so much. can groupon continue wits current business model? roy troy argues that investors are overlooking some of the growth potentials. jay, you're...
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Nov 13, 2012
11/12
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you know, virgin america is a great airline. it's got great staff. it's done it right. if you want to succeed, you have to make sure you are the best in the business. and i think one of the problems in america is your chapter 11, is the fact that instead of people when they mess up going bankrupt and making room for other airlines, they go into chapter 11 and they come back out again. and they struggle on. and some of these airlines have gone into chapter 11, you know, five, six times, and it doesn't seem to improve the service. it just seems to hurt their credit. liz: sir richard, did it ever enter your mind to buy american airlines, which right now is floundering? >> we're not the company that buys companies. i think if you buy companies, you buy all that goes with it. we'd much rather build a company from scratch and make sure that we get every little detail right. and i think, you know, i think buying one of the big american carriers would have been a painful pill to swallow, i think. liz: you are first and foremost an entrepreneur, and one of your favorite words wa
you know, virgin america is a great airline. it's got great staff. it's done it right. if you want to succeed, you have to make sure you are the best in the business. and i think one of the problems in america is your chapter 11, is the fact that instead of people when they mess up going bankrupt and making room for other airlines, they go into chapter 11 and they come back out again. and they struggle on. and some of these airlines have gone into chapter 11, you know, five, six times, and it...
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Nov 26, 2012
11/12
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she's worked at bank of america and citi and other places on wall street as well. that's one name to keep an eye on, bill. back to you. >> very interesting. eamon, thanks very much. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ceo in a cnbc exclusive about his company's share of this huge holiday booty coming up. >>> plus, flu shot or your job? 150 employees getting canned the day before thanksgiving for refusing to get flu shots. is that legal? stay with us. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. â
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Nov 1, 2012
11/12
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they all put their heads down and went back to work and paid america. i think while people were nubble saying derogatory things about the people of aig, since they lived up to their promises and delivered to america, i think we should not hold them responsible for cha for what happened in the beginning and recognize what happened in the end. >> absolutely. you have been leading this company with a steady hand. i know that the observers of your leadership are certainly feeling good about that. in terms of continuing to right the ship, where are the asset sales going to come from in the future? you still got leasing on the block? tell us about potential deals in the future. >> well, we have time liquidate when it makes sense for the company. the aircraft leasing company is something we feel is noncore. we're simplifying the company, simplifying our structure. so owning 940 commercial planes is not something that fits an insurance company going forward. so we have worked hard. the company has righted itself. it's fixed a lot of its debt horizons. we're mat
they all put their heads down and went back to work and paid america. i think while people were nubble saying derogatory things about the people of aig, since they lived up to their promises and delivered to america, i think we should not hold them responsible for cha for what happened in the beginning and recognize what happened in the end. >> absolutely. you have been leading this company with a steady hand. i know that the observers of your leadership are certainly feeling good about...
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Nov 14, 2012
11/12
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FBC
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wyoming acquired real america which is burlington northern, double down on the u.s. growth in u.s. and huge operating leverage from here. liz: we will watch it now. good to see you. let's look at the big board. cover the children's eyes down 200 points, well enough below 13,000 that people are concerned. the dow has fallen 100 points from the election so not a great day to lead 201 points if you are a bull. closing bell seven minutes away. you need to stick around. earnings coming up "after the bell" but coming up viable tell you what stock is the worst performer on the s&p 500 today. by the way a good percentage of s&p companies are now down 10%. so in correction territory. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. he loves risk. but whether he's climbing eve
wyoming acquired real america which is burlington northern, double down on the u.s. growth in u.s. and huge operating leverage from here. liz: we will watch it now. good to see you. let's look at the big board. cover the children's eyes down 200 points, well enough below 13,000 that people are concerned. the dow has fallen 100 points from the election so not a great day to lead 201 points if you are a bull. closing bell seven minutes away. you need to stick around. earnings coming up...
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david: we're looking at bank of america down 7%. morgan stanley was down over 8% and even some like jpmorgan, goldman sachs down 5%. that was all over the board. nicole: they were really the biggest losers on the dow jones industrial. down 300 points on wall street going into the closing bell. financials were a big loser. liz: one sector that outperformed today. this is a neat trick, those were the hospital names. why? >> that is one of the reasons we saw the hospital names. people get insurance, hospitals are the beneficiary of the rules that would go into place. while insurers are down, hospitals are very well. david: it is official, apple is now in bear territory. big moves to the downside, $21 at one point down to 25. nicole: that is
david: we're looking at bank of america down 7%. morgan stanley was down over 8% and even some like jpmorgan, goldman sachs down 5%. that was all over the board. nicole: they were really the biggest losers on the dow jones industrial. down 300 points on wall street going into the closing bell. financials were a big loser. liz: one sector that outperformed today. this is a neat trick, those were the hospital names. why? >> that is one of the reasons we saw the hospital names. people get...
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Nov 7, 2012
11/12
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if you serve customers well in america, you can become wealthy. we used to think that was a good thing during this election cycle with a president leading the way it was vilified. it's outrageous and should stop. >> the vilifying really has to stop already. there's an american dream and an aspirational issue here. you know, people want to climb the ladder and do well. when you say things like, you know, rich people don't pay their fair share, it gets my back up. i know the tax rates. i know what people pay and don't pay. that's an umbrella statement. it's not true. so let's keep the talking points aside. let's have a real conversation. >> of course it's an aspirational country. that's precisely the point. obama has aspirations for people. mitt romney did more than the president could have done in vilifying himself to ordinary voters. i mean, you can't help the fact that mitt romney said i like firing people. you can't help the fact that mitt romney said 47% of this country is lazy and dependent. so when we talk about aspiration, when we talk about
if you serve customers well in america, you can become wealthy. we used to think that was a good thing during this election cycle with a president leading the way it was vilified. it's outrageous and should stop. >> the vilifying really has to stop already. there's an american dream and an aspirational issue here. you know, people want to climb the ladder and do well. when you say things like, you know, rich people don't pay their fair share, it gets my back up. i know the tax rates. i...
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Nov 21, 2012
11/12
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america can do better. it would be good for the economy. >> walmart is paying these workers more than minimum wage, which is what they're required to do. if they joined a union, then their dues would go to the large amounts of political contributions and lobbying and political activity that the united food and commercial workers union was giving about $10 million last year. we have a disagreement. >> the adee lodideological atta unions you're entitled to. >> what about the dues being used for political contributions? >> those are check-offs. those are not the same thing. the legal arguments that are being made here today are so off the wall. >> they are not. what about the underfunded pensions? 55%, 65 in the red zone. >> you can talk about what it's like to raise a family on $15,500. those economics are bad for the united states. you must pay workers enough to buy the products they sell. when you justify impoverishing hard-working people, you will see, as the report points out, it has a negative effect on
america can do better. it would be good for the economy. >> walmart is paying these workers more than minimum wage, which is what they're required to do. if they joined a union, then their dues would go to the large amounts of political contributions and lobbying and political activity that the united food and commercial workers union was giving about $10 million last year. we have a disagreement. >> the adee lodideological atta unions you're entitled to. >> what about the...
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Nov 30, 2012
11/12
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. >> we're just here to support doing the right thing, putting america back to work. >> we don't legislate, but we know a lot about what the consequences are of the failure to reach an agreement. >> the only way democracy works is through compromise at the end of the day. >> i'm optimistic that we can continue to work together to avert this crisis. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> a reversal of fortune on wall street. stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmas time. >> according to congressional republican aides, they say they have obtained a copy of the white house's proffer here. at least $50 billion in new spending. >> do you have faith in any of them to rise above? >>
. >> we're just here to support doing the right thing, putting america back to work. >> we don't legislate, but we know a lot about what the consequences are of the failure to reach an agreement. >> the only way democracy works is through compromise at the end of the day. >> i'm optimistic that we can continue to work together to avert this crisis. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced....
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Nov 23, 2012
11/12
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FBC
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anything that will focus on creating jobs in america is what we are all about. if we can create more jobs people will have more money and you have more money to spend that will create more jobs and that is what it is down to. if this fiscal cliff subject as to the first we have to make progress on that and have an agreement and once we say here is our agreement we have to work on it in the spring season as well so this becomes a way of life as opposed to a one time opportunity to. and avoid the fiscal cliff. cheryl: you will be hiring in 2013. >> we are indeed. we actually hired 80,000 employees for the holiday season alone on top of our 175,000. we have been doing well and fortunate in that regard. 11 quarters in a row and same store earnings growth and sales growth and the same will happen in the fourth quarter. to do that we will be hiring. cheryl: after the interview i asked about thinking about retiring, you've done so much, and do what? i am sticking around for a long time. the chairman and ceo of macy's speaking to fox business day. we have 49 minutes to
anything that will focus on creating jobs in america is what we are all about. if we can create more jobs people will have more money and you have more money to spend that will create more jobs and that is what it is down to. if this fiscal cliff subject as to the first we have to make progress on that and have an agreement and once we say here is our agreement we have to work on it in the spring season as well so this becomes a way of life as opposed to a one time opportunity to. and avoid the...
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Nov 13, 2012
11/12
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similarly, executives at bank of america and goldman sachs said that the fiscal cliff is hurting client activity and creating big risks and uncertainty. washington already has a good ear into what wall street is thinking, that the fiscal cliff is a barrier to their business and that a solution is needed. but what the president wants to know is how business leaders across more consumer facing industries think the problem as well as a solution would impact every day americans. the list of 12 ceos said to be compiled by the white house crosses multiple industries from etna to xerox. what they want is not a one-time meeting but a dialogue over this. >> all right, kayla. thanks so much. so why is such a key group left out of the conversation? with me now in an exclusive is the president and ceo of new york community bancorp. nice to have you here. >> d did you get the invitation to the white house? >> no, the mail was a little slow due to sandy. >> serious l the banks are not invited. is this a concern that one key part of the economy is not involved in the conversation? >> i think it's fund
similarly, executives at bank of america and goldman sachs said that the fiscal cliff is hurting client activity and creating big risks and uncertainty. washington already has a good ear into what wall street is thinking, that the fiscal cliff is a barrier to their business and that a solution is needed. but what the president wants to know is how business leaders across more consumer facing industries think the problem as well as a solution would impact every day americans. the list of 12 ceos...
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Nov 12, 2012
11/12
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. >>> somebody says corporate america has gone overboard when it comes to ceos being fired for having heat affairs. >>> shocking allegations. john mcafee, founder of the software company has been accused of murder in belize. stay with us on this story. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ you're the commander-in-chief of your own life. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. (car horn) paying with your smartphone instead of cash... (phone rings)
. >>> somebody says corporate america has gone overboard when it comes to ceos being fired for having heat affairs. >>> shocking allegations. john mcafee, founder of the software company has been accused of murder in belize. stay with us on this story. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the...
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Nov 19, 2012
11/12
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CNBC
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america is on a pretty solid path. i think that has to be the aperture through which you make these analysis. i'm not all into anything because, yes, there's uncertainty out there. companies are making money. multiples are compressed. they tend to expand when revenues go down. i think there is good reason to be in this market. >> to put a fine point on it, stan, you wouldn't buy this market because you're fearful of what's going to happen in washington? >> well, i would say there's a good argument to be made for timing the market. that is, if you're expecting, as i think is going to happen, the market's going to react or overreact after we hit the fiscal cliff and go over it. >> do you think it will go down? >> yes, i do. but it will be emotional as opposed to substantive at that point. zachary's right, this will be recoverable shortly thereafter. if we go over the fiscal cliff, it's like the peasant storm, the castle with pitchfork strategy. and then this will all be fixed retro actively. >> i'll meet with you my pitc
america is on a pretty solid path. i think that has to be the aperture through which you make these analysis. i'm not all into anything because, yes, there's uncertainty out there. companies are making money. multiples are compressed. they tend to expand when revenues go down. i think there is good reason to be in this market. >> to put a fine point on it, stan, you wouldn't buy this market because you're fearful of what's going to happen in washington? >> well, i would say there's...
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Nov 14, 2012
11/12
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i've got polls telling me if we go off the fiscal cliff, most of america's going to blame the republicans in the capitol mi behind me. if i'm the president, i'm focused on the top line number. i've consulted with my economic advisers. it's probably not the 1.6, but sadly, it's probably north of the 1 trillion number. that's what i'm going to push for. as robert said, i'm in a position to give, but i need to get the top line number i need. i'm open to virtually up a options. it may be difficult to do without tax hikes, but i'm open to anything and ready to negotiate. i've set the stage for what i think is my ability to appear generous but nonetheless be effective. >> but when he says i'm open to any and all ideas, i mean, what other ideas are there? it's either broadening the base and, you know, eliminating loopholes or raising taxes. i mean, in terms of the revenue, what are the ideas? am i missing something? is there any other idea? >> i think it's a question of how one side allows the other to portray is, which is if the entire discussion is all about taxing a certain class of americans
i've got polls telling me if we go off the fiscal cliff, most of america's going to blame the republicans in the capitol mi behind me. if i'm the president, i'm focused on the top line number. i've consulted with my economic advisers. it's probably not the 1.6, but sadly, it's probably north of the 1 trillion number. that's what i'm going to push for. as robert said, i'm in a position to give, but i need to get the top line number i need. i'm open to virtually up a options. it may be difficult...
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Nov 28, 2012
11/12
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. >> a perfect example of how we insent vi insent vise debt in america. >>> ceos will be meeting with president obama. >> mary kay henry is president of the service employees international union. she's been on capitol hill imploring lawmakers to focus on tax issues now and spending issues later. it's great to have you on the show. welcome. >> thank you, scott. glad to be here. >> are you guys willing to put so-called entitlements on the table? can we put those on the table, social security, medicare, all of these things that need to be dealt with? >> scott, they were on the table a year ago. $1 trillion of cuts have already been made to those programs. we think the top priority is to have the wealthiest pay their fair share and get jobs created so we can spur the economic recovery. >> okay. let's pretend you got that tomorrow. republicans say, that's it, we're going to get it done. we're going to raise taxes on the upper income individuals. then could we reform medicare? >> well, if we get this country back to work, there is a lot of room to have a conversation about how it improve th
. >> a perfect example of how we insent vi insent vise debt in america. >>> ceos will be meeting with president obama. >> mary kay henry is president of the service employees international union. she's been on capitol hill imploring lawmakers to focus on tax issues now and spending issues later. it's great to have you on the show. welcome. >> thank you, scott. glad to be here. >> are you guys willing to put so-called entitlements on the table? can we put those...
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Nov 20, 2012
11/12
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FBC
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liz: are you optimistic about business in america? >> i am. i think there are opportunitieses in the u.s. i think well need to get through some immediate challenges, agree on a path forward, but there's lots of opportunity here in healthcare, specifically, and we intend to participate in it. it's still a nation with a lot of innovation, a lot of expertise in technology, and i think if we can use it right, not only can we help healthcare here, but we can also participate in end markets around the world. liz: omar ishrak is the chairman and ceo of medtronics while he was talking up another two thirds of a percent for the stock so looking pretty healthy today. closing bell ringing in 36 minutes. okay, this is the biggest insider trading scandal ever. one of the stars in the hedge fund world may be caught up in it. charlie gasparino has the story. he's coming down to tell you that next. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and you
liz: are you optimistic about business in america? >> i am. i think there are opportunitieses in the u.s. i think well need to get through some immediate challenges, agree on a path forward, but there's lots of opportunity here in healthcare, specifically, and we intend to participate in it. it's still a nation with a lot of innovation, a lot of expertise in technology, and i think if we can use it right, not only can we help healthcare here, but we can also participate in end markets...
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Nov 23, 2012
11/12
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CNBC
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this is the biggest mall in the united states, the mall of america in minnesota. back in 2:00. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. at your local customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial l
this is the biggest mall in the united states, the mall of america in minnesota. back in 2:00. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. at your local customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm...
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146
Nov 29, 2012
11/12
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FBC
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eye 146
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this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur liz: charlie gasparino has breaking news on the bidding war for knight capital. charlie: they are meeting, from what i understand, right now. within the last minute to discuss the periods. here is what is really interesting. officials there are prepared to sweeten their offers, if they need to. geico has half stock, half cash. the other has not publicly announced their bid. believe me, i have. they are not budging. it is somewhere north of three dollars, all cash. they know they may have to sleep in it. they do not want it out there totally. another part of the game is that the board of knight capital will come back and answer. both, virtu and gecko, looking to receive some sort of answer about the bid. maybe the process going forward. the due diligence process going
this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur liz: charlie gasparino has breaking news on the bidding war for knight capital. charlie: they are meeting, from what i understand, right now. within the last minute to discuss the periods. here...
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Nov 27, 2012
11/12
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it is corporate america. it's not just one group doing this. i made the argument to you during the commercial break. it's good pr if nothing else. >> it's only good pr for the people who don't understand it. yes, i'm getting something back today. but if you look at it as a signal of what's going to happen, what it means for the future growth of the company, i don't think it's such good pr. >> maybe it's a signal about the economy. maybe they're saying they don't have the anything better to do with it. did you see what's happening with taxes likely? it's going to be maybe a tough economy. maybe they telling us this is the best -- and wouldn't you rather have it than blow it on some junky mna deal or hire when it would be a bad time to hire? >> about half of the returns from stocks since 1926 have come from dividends. it's not an insignificant part of the total return over a long period of time. listen, i don't know if companies are really fooling people anyway. if you have all the cash sitting on your balance sheet that's earning zero, that's no
it is corporate america. it's not just one group doing this. i made the argument to you during the commercial break. it's good pr if nothing else. >> it's only good pr for the people who don't understand it. yes, i'm getting something back today. but if you look at it as a signal of what's going to happen, what it means for the future growth of the company, i don't think it's such good pr. >> maybe it's a signal about the economy. maybe they're saying they don't have the anything...